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Consider the following demand and supply relationships in the market for good A: Qd =1023 PA 3 PB and Qs = 10+10 PA 1 .

  1. Consider the following demand and supply relationships in the market for good A:Qd=1023PA3PBandQs= 10+10PA 1.5PC, wherePBis the price of good B andPCis the price of good C. IfPB=2 andPC=4, At the equilibrium values, the price elasticity of demand is________and the cross-price elasticity of demand of good A with respect to good B is____________.
  2. Blank 2. Fill in the blank, read surrounding text.
  3. . (round your numberstotwo decimal places)

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